The success of a company depends majorly on the efficient management of its workforce. This includes having appropriate and skilled professionals at the right position and time. Due to certain market uncertainties and complications that intervene, it becomes quite challenging for any organization to ensure smooth and productive staffing operations in their workspace.
In order to ensure a smooth workflow, it is imperative to have a dedicated team to handle the acquisition and management of talent. While businesses can have multiple important things to focus on, it is difficult for them to plan and execute an efficient hiring process. This process gets even more strenuous when there is a need to recruit professionals in technical and IT domains. Therefore, choosing the services of reliable IT staffing companies is essential, as they come up with strategies that can do wonders for businesses in their hiring journey.
At IDC Technologies, we have curated a list of 6 common challenges that companies face while fulfilling their staffing requirements and how they can overcome them.
1. Fluctuating Workload
There are various industries in the market, such as Ecommerce, travel, taxation & bookkeeping, and many more, that experience a seasonal or periodic peak in their business. Consequently, there is a need for more workforce to handle the work pressure and execute tasks. It is advisable for such companies to opt for temporary staffing or contract-based hiring to manage fluctuating workloads. Acquiring temporary employees during such peak times help companies control their costs and stay flexible in their recruitment journey.
2. High Labour Cost
Among all the expenses associated with running a business, employee salaries or labour fees comprise the highest costs a company has to bear. Collaborating with a good staffing agency helps you save on capital as they optimize the workforce by helping you achieve the right mix of full-time, part-time, and temporary employees. Moreover, sometimes the staffing firms suggest that companies offer certain benefits like ESOPs or incentive-based income to reduce the actual labour cost.
3. Talent Gap
It is quite challenging for companies to acquire employees that align with the skills and experience required for the position. The absence or unavailability of suitable candidates can hamper the productivity of the company. However, partnering with a well-known staffing agency provides access to a large pool of talents from various regions for vacancies across several departments. Moreover, when you pass on the responsibility of hiring professionals to a recruitment firm, you have the opportunity to focus on other crucial tasks of the organization.
4. Expensive Overtime
While paying in-house employees for working extra hours might seem to be convenient, companies can enhance their productivity and reduce costs by collaborating with a staffing firm. These firms provide temporary or part-time candidates who can manage the business tasks during the absence of full-time employees. Upon discussion, you have the liberty to pay such workers on an hourly, daily, or weekly basis, which can save a good amount of capital for the company.
5. High Turnover
Turnover is the number of employees leaving an organization during a specified interval of time. While employee turnover is common, it can negatively impact a company if there is a high turnover rate. This even affects the team’s performance and pace of work. Therefore, quick action needs to be taken to tackle such challenges. With the support of a staffing company, businesses can easily fill vacant positions in less time. They have a large pool of candidates and can help you hire people with the right loyalties.
6. Welcoming New Opportunities
When new projects or business opportunities come along the way, companies should be prepared to accept the offer. This is possible only when there are sufficient and appropriate skilled professionals. To handle such immediate requirements, companies should consider partnering with staffing agencies that can quickly deliver qualified candidates. By doing so, organizations can openly accept new opportunities and grow their businesses.
Managing the entire business is quite challenging for any organization. To ease and smoothen the workflow, it is crucial to have skilled employees in their workspace. Therefore, it is advisable for companies to partner with staffing agencies, such as IDC Technologies, who can help them recruit experienced professionals as per their requirements. IDC Technologies offers flexible and comprehensive staffing solutions. Moreover, we provide talent development, talent management and HR process management related services.